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I posted that many funds want to raise cash but there has
been no market for junk bonds and other high risk debt.My reading is that the Fed are going to buy this kind
of debt and that will ease the pressure on funds.Having been thrown a life line the funds may feel that
they want to repay this action by buying US stocks.If the US public see stocks rising then they may be
happy to hold their fund portfolios. After all they
can borrow using their fund holdings as collateral.Yes, it could work and help reelect Trump.
It would be a house of straw but that would be a
problem for 2021 etc. Kick that can !Never give up, never surrender.
W.D.Gann’s Financial Time Table ( extended version )
2019 High stock prices
2020 Panic
2021 Low stock prices
2022 Very high stock prices
2023 Very high stock prices
2024 CrashInteresting how that could fit into our discussions ?
Never give up, never surrender.
Wishing all my friends a very Happy Easter. Not the normal by any means, but we can endear the love of God and blessings through our hearts and likewise friends and family through social media. We should always live in gratitude for what we have, considering all the suffering in the world. Happy Easter Everyone.
Plan your trade, trade your plan!
As for the market, lovely to see so many quality posts Chris and David.
I really have nothing new to add. I do totally agree that the FED action is very bullish for the markets, especially the new intervention they announced with the horrendous jobless numbers.
However, in any downmove like we had, we also have snap back bear rallies. SO for now my bias remains sell the rally.
I could look at lots of technical indicators but I personally don’t think they are terribly helpful at this juncture other than fib retraces of the fall and a few other indicators.
Tomorrow is a partial trading day. Tuesday traders will return. Happy to let the market show its hand here coming out of the long weekend.
Plan your trade, trade your plan!
interesting opening in globex. 40 point pop and drop.
Lets see if the globex high remains the days high, thats the first requirement for me
Plan your trade, trade your plan!
Dow 23500
Bears want 23000 then 22000 and below
Bulls want 24000 then 25000 and aboveI am not joining either side until we know the winner
which should be this week.Never give up, never surrender.
GBP:USD
I thought this was ‘a’ up flat ‘b’ with ‘c’ up to come
which projected a much higher price.But if could be a wave1 up and we are in the 5th
which projects a lower target and we would have
the wave2 down to come.hatman ?
Never give up, never surrender.
Certainly everything is pointing upwards as it stands. It does look like another upday, which may make sense as it will be pushed up on low volume. Tomorrow / Wednesday is key for me. Then we have jobless numbers on Thursday and Earnings season underway. I feel that is when reality can set in.
Plan your trade, trade your plan!
I wonder if we mimic the Dow futures range.
That poll like drop and then a grind back up,
often has another poll like drop to finish.Never give up, never surrender.
I wonder if we mimic the Dow futures range.
That poll like drop and then a grind back up,
often has another poll like drop to finish.That we do for me.
Don’t you just love it when a poll comes together 🙂
Never give up, never surrender.
Well done Chris. RTH high and straight down.
Cheers ‘K’
Dow 23000 break or Dow 24000 break may have to
wait for another day.Never give up, never surrender.
msj from jeff
MEJT says a move starting now won’t stick. Ultimately higher prices should print with a minimum target of 2741.11
Small droplets of rain turn into Rivers, Streams and Mighty Oceans
Dow 23500
Bears want 23000 then 22000 and below
Bulls want 24000 then 25000 and aboveAtm the bears have the ball for tuesday.
Never give up, never surrender.
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